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Summary of a Washington Foreclosure
Documents Need to Begin Foreclosure

1. Copy of the RECORDED Deed of Trust
2. Copy of the Note
3. Copy of the RECORDED Assignments, if applicable
4. Breakdown of Arrearages, i.e. date delinquency started, monthly payments, monthly late charges, and any other costs that may have been paid, i.e. taxes, insurance, property inspections, etc.

A trust deed in Washington may be foreclosed by private sale. Washington is a non-judicial state. Also there is no redemption period after the sale in Washington. In Washington two notices are sent, posted and publication is also requested. General Timeframe is 160 days. Sales are to be set on Friday at 10:00 a.m. You can continue in Washington in any increment, but NOT more than 120 days after ORIGINAL sale date.

A private trustee's sale usually begins with the law firm being designated as trustee. Based on the foreclosure report, all interested parties are notified in Washington, first by a Notice of Default, which is mailed regular and certified. It is then sent out for posting. 30 days after posting the foreclosure is then prepared for sale. Sale date is set 90 days and 2 weeks from that date. At that time the Notice of Sale is mailed certified and regular mail and again is posted on the property. At that time the Notice of Sale and the Notice of Substitution of Trustee is recorded. Publication is requested 50 days prior to sale, one being 7-14 days prior to sale and the other 28-35 days prior to sale.

In Washington, after the sale, a Foreclosure Sale Deed and Real Estate Excise Tax Form is sent for recording.

This law firm requests bid figures approximately 2 weeks before sale if at all possible.

Washington
Capital – Olympia
The Evergreen State
Non-Judicial

Washington State Bar Association
23517 2/94

U.S. District Court – Eastern 10/95
U.S. District Court – Western 9/95

Foreclosure
General Time Frame 160 days
Post – Sale Redemption None
Postponement Allowed Yes*
FNMA Fee $675
FHLMC Fee $600
FHA Fee $725
VA Fees Adjusted Accordingly

* Last postponement date cannot be more than 120 days after original sale date.
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Important Notice
Kleinsmith & Associates, P.C. operates within Fannie Mae fee schedules and timelines and will provide the same coverage as a “FNMA Network Certified” law firm. Should any loss or damage occur as a result of a mistake by our firm during the foreclosure process, which we cannot rectify, Kleinsmith & Associates, P.C. will indemnify the servicer against any loss or damage.



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